OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday Feb 2nd is Boeing (BA). BA is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 4.56% move higher and its 1m and 6m trend has turned bullish on 11/27 and recently bounced higher off its $78 support level.

Boeing’s 1m and 6m trends turned bullish on 11/2 and recently broke above its $350 resistance level which now becomes support. With a technical score of 10 (out of 10), BA is a strong bullish stock that will likely continue higher.

View this Trade Idea on BA

As a stop loss, if BA was to trade below $350 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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